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‘Investment in agri-tech held back by uncertainty’

The study found political uncertainty was holding back investment in new technology.
The study found political uncertainty was holding back investment in new technology.

Agricultural technology has the potential to boost UK farm profitability but political uncertainty is delaying investment, claims NFU Mutual.

The rural insurer’s Agri-tech Report claims the latest technological developments could benefit the environment and improve soil health, while the use of robotic equipment could make farming safer.

However, the report also warns that political uncertainty and concerns over future support is holding back farmer investment in the latest technological developments.

“Across the world new agri-technology is set to make a major impact on farm profitability and even world prices,” said NFU Mutual business analyst, Fang Wang.

“In the UK, adoption of new technology is currently slow because of uncertainty over agricultural policy and support, lack of understanding, shortage of capital and concerns about the reliability of first-generation technology.”

She added: “While entirely understandable, this hesitancy is putting UK farmers at risk of falling behind other nations in the race for efficient, environmentally-friendly food production.”

Ms Wang recommended a “whole of farm” approach to planning future agri-tech investment to ensure new systems integrate with the existing farm system.

Advice in the report includes reviewing a farm’s strategy to identify how technology can help to achieve goals; keeping up to date with developments, and working with other farmers to achieve economies of scale with new technology.

Worcestershire fruit and hop grower Ali Capper said: “From the use of ‘big data’ to inform management decisions to autonomous tractors and robotic pickers, we are on the cusp of a world where farmers and growers can minutely manage inputs to maximise production, and use automation and robotics to reduce labour numbers and costs.”